Overcoming deteriorating conditions, Indian cotton exporters are set to flourish and get back in the league as neighbouring Pakistan, Bangladesh and Myanmar have again become the top importers unlike China. At present, Pakistan, Bangladesh and Myanmar have emerged top importers of cotton in the current cotton year (October 2015 to September 2016) and exports have risen by 35 percent.
Previous year saw total exports worth 2.2 million bales and Pakistan’s share was negligible. This year around three million bales (170 kg is one bale) of cotton export contracts has been registered with one million from Pakistan alone.
Dhiren Sheth, President, Cotton Association of India (CAI), feels floods are the major reason for damaged cotton crop. Though in 2014-15, Pakistan imported 500,000 bales, Indian industry anticipates imports to be 1.5-1.7 million bales in this season.
